Fees under pressure. Regulatory moves against closet indexers. Rapid advances in financial technology. Shifting sentiment among investors. Such mounting challenges have led to widespread speculation about active management's shrinking future. But a closer look inside intelligent portfolio construction today tells a story of expanding roles, added value, and innovative risk-adjusted, lower-cost solutions.
An analysis of global funds over more than a decade has found that there is no performance penalty for socially conscious products and even a slight positive skew over the period – despite a reputation to the contrary. The Morningstar analysis for the period since 2002 ranks funds according to its star ratings, which are […]
The Government has finally bowed to industry pressure and the weight of logic by confirming it plans to ban pensions cold-calling. While full details have yet to be published, the Treasury has also indicated providers will be given greater powers to block transfers to suspicious schemes. In addition, policymakers plan to crack down on the […]
The Personal Finance Society has said it wants the Government’s pension cold-calling consultation to be extended to general investments and other forms of communication. A consultation on implementing a pension cold-call ban was launched this month after being trailed in November’s Autumn Statement, which confirmed telephone calls to unsolicited clients would be illegal. The PFS […]
Vanguard founder and former chief executive Jack Bogle has criticised the high-trading mentality behind ETFs and claimed non-listed index counterparts are a better alternative. In an opinion piece for the Financial Times, Bogle, the founding father of index investing, says Vanguard investors in non-listed index funds have seen higher returns than its ETF investors who hold the same underlying […]
Focused on bottom-up stock selection, not just in equities but also corporate bonds, DNCA has a reputation as being a multi-asset manager, but is also well known for its European equity funds.
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Alliance Trust Savings’ new boss must “instil common sense” across the business and start to engage with advisers if they are to salvage the platform’s reputation, IFAs have said. Industry insiders have welcomed news of ATS chief executive Peter Mill’s departure, but say the platform needs to move quickly to fix its service issues. Frustrated advisers are […]
The FCA has said that the Financial Ombudsman Service does not need more guidance on how it should match the regulator’s rules with the complaints adjudicator’s judgments. While the FCA regulates firms according to its handbook, FOS decides on complaints based on a ‘fair and reasonable’ test, that is, whether the claim would be successful […]
The curious goings-on in the world of financial services